Original filing (PDF)20251014133317NAL0001426867001

THE FIRST BANCSHARES, INC.

Name: THE FIRST BANCSHARES, INC. — THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN, Form 5500 (2024)
Creator: THE FIRST BANCSHARES, INC.

Form 5500

FILING_RECEIVED

THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN

401(k) retirement plan

Active participants

1,008

Accounts w/ balance

1,124

Plan assets (EOY)

$56.3M

Net assets (EOY)

$56.3M

How this plan invests

This plan

35 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score

/ 100

Grade C

Average plan with room to improve

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool.

Compliance & integrity

100

Total plan cost

Plan health

Vendor & structure

Decision-maker contacts

CFO / Head of HR / Benefits Manager — verified email + LinkedIn for THE FIRST BANCSHARES, INC..

Plan sponsor

Name

THE FIRST BANCSHARES, INC.

EIN

64-0862173

Address

6480 HWY 98 WEST · P.O. BOX 15549 · HATTIESBURG, MS · 39404

Phone

(601) 450-8888

Industry

Commercial Banking· Finance & Insurancesee all

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

001

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-14

Pension benefit codes

2E · Profit-sharing

2F · ERISA section 404(c)

2G · Total participant-directed accounts

2J · 401(k) feature

2K · 401(m) arrangement

2T · Default investment account (QDIA)

3D · Pre-approved plan (master / prototype / VS)

Audit & trust (Schedule H)

Service providers (Schedule C)

4 rows

Recordkeeper

Name	EIN	Location	Relation	Direct comp	Indirect comp
EMPOWER ANNUITY INSURANCE COMPANY	—	GREENWOOD VILLAGE, CO	RECORDKEEPER	$121K	—

Advisor / Consultant

Name	EIN	Location	Relation	Direct comp	Indirect comp
LPL FINANCIAL	—	SAN DIEGO, CA	INVESTMENT ADVISOR	$157K	—

Investments

35 direct securities· $56.3M(100% of reported assets)

Other securities

$56.2M

34 holdings

Common Stock

$100K

1 holding

					% of plan
AF 2030 Trgt Date Retire R6 Mutual Fund	Other securities	—	—	$7.8M	13.9%
AF 2025 Trgt Date Retire R6 Mutual Fund	Other securities	—	—	$6.7M	11.9%
AF 2035 Trgt Date Retire R6 Mutual Fund	Other securities	—	—	$6.2M	11.0%
AF 2040 Trgt Date Retire R6 Mutual Fund	Other securities	—	—	$6.0M	10.6%
AF 2045 Trgt Date Retire R6 Mutual Fund	Other securities	—	—	$4.1M	7.2%
AF 2020 Trgt Date Retire R6 Mutual Fund	Other securities	—	—	$3.5M	6.3%
Key Guaranteed Portfolio Fund Fixed Annuity	Other securities	—	—	$3.2M	5.8%
IShares S&P 500 Index K Mutual Fund	Other securities	—	—	$2.9M	5.1%
T. Rowe Price Blue Chip Gr I Mutual Fund	Other securities	—	—	$2.8M	5.0%
AF 2055 Trgt Date Retire R6 Mutual Fund	Other securities	—	—	$1.8M	3.3%
AF 2050 Trgt Date Retire R6 Mutual Fund	Other securities	—	—	$1.8M	3.2%
AF 2015 Trgt Date Retire R6 Mutual Fund	Other securities	—	—	$1.3M	2.3%
Vanguard Mid Cap Ind Fund Adm Mutual Fund	Other securities	—	—	$987K	1.8%
Vanguard Equity Income Adm Mutual Fund	Other securities	—	—	$920K	1.6%
AF 2060 Trgt Date Retire R6 Mutual Fund	Other securities	—	—	$850K	1.5%
Vanguard LS Moderate Growth Mutual Fund	Other securities	—	—	$679K	1.2%
Empower T. Rowe Price Mid Cap Mutual Fund	Other securities	—	—	$596K	1.1%
Vanguard Small Cap Index Adm Mutual Fund	Other securities	—	—	$595K	1.1%
AF Europacific Gr R6 Mutual Fund	Other securities	—	—	$443K	0.8%
Vanguard LS Growth Inv Mutual Fund	Other securities	—	—	$384K	0.7%
Vanguard Mid Cap Gr Ind Admir Mutual Fund	Other securities	—	—	$308K	0.5%
PIMCO Income Instl Mutual Fund	Other securities	—	—	$305K	0.5%
AF Global Balanced R6 Mutual Fund	Other securities	—	—	$300K	0.5%
Vanguard Small Cap Gr Ind Admi Mutual Fund	Other securities	—	—	$265K	0.5%
Vanguard Mid Cap Value Ind Adm Mutual Fund	Other securities	—	—	$237K	0.4%
IShares Msci Eafe Int Index K Mutual Fund	Other securities	—	—	$215K	0.4%
Vanguard Sm Cap Value Ind Admi Mutual Fund	Other securities	—	—	$188K	0.3%
Primecap Odyssey Stock Mutual Fund	Other securities	—	—	$168K	0.3%
PGIM Total Return Bond R6 Mutual Fund	Other securities	—	—	$156K	0.3%
Vanguard LS Cnsrv Gr Inv Mutual Fund	Other securities	—	—	$153K	0.3%
Vanguard LS Income Inv Mutual Fund	Other securities	—	—	$119K	0.2%
PGIM Short Term Corp Bd R6 Mutual Fund	Common Stock	—	—	$100K	0.2%
Vanguard Inflation Protected Mutual Fund	Other securities	—	—	$62K	0.1%
AF 2065 Trgt Date Retire R6 Mutual Fund	Other securities	—	—	$53K	<0.1%
Western Asset Core Bond Is Mutual Fund	Other securities	—	—	$10K	<0.1%